Global Free Space Optics Communication Technology market is accounted for $389.12 million in 2019 and is expected to reach $3,437.17 million by 2027 growing at a CAGR of 31.3% during the forecast period. The increasing need for digital connectivity, higher flexibility at low cost, and augmented need for higher and resilient bandwidth are the major factor driving the market growth.
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By geography, Asia Pacific is going to have lucrative growth during the forecast period owing to the rapid progress of the IT & telecommunications industry, rapid technological developments in this area, and growing development in the connectivity & technology field in China and India.
Some of the key players profiled in the Free Space Optics Communication Technology Market include AIRLINX Communications, Inc, Anova Technologies, AOptix Technologies, Inc., BridgeSat, Inc., Fog Optics, Inc., Trimble, Inc., Mostcom Ltd., Plaintree Systems, Inc., Sky Fiber, Inc., Space Photonics, Inc., LightPointe Communications, Inc., Mynaric AG, L3 Technologies, Inc. and fSONA Networks Corp.
Components Covered in Free Space Optics (FSO) Communication Technology Market
• Transmitters
• Receivers
• Modulators
• Demodulators
• Encoders
• Decoders
Platforms Covered:
• Airborne
• Terrestrial
• Satellite
Ranges Covered:
• Short-Range
• Medium-Range
• Long-Range
Applications Covered:
• Disaster Management
• Last Mile Access
• Data Transmission
• Storage Area Network
End Users Covered:
• Healthcare
• Defense
• Telecommunication
• Traffic
• Aerospace Military
• Business
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